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Description: Specialist general insurance provider Assurant Intermediary has added enhancements to its Home Protector and Income Protector products to provide cover against accident, sickness and unemployment.

Following a review of the performance of both products, Assurant has made enhancements to further tailor each product to a customer’s risk profile. This improved flexibility means each customer’s policy can more accurately reflect their own individual needs and circumstances.

Conditions: Home Protector provides cover specifically for mortgage or rent payments, while Income Protector is a short-term income protection policy that allows customers to protect a percentage of their income.

Home Protector covers a maximum monthly benefit of 120 per cent of mortgage or rental payments or up to £3000, whichever is the lowest, while Income Protector covers up to £3000 of income. Accident, sickness and unemployment benefits are available for 12 months, with the option to increase accident and sickness benefits to 24 months. Both products are renewable annually.

Contact: www.assurantintermediary.co.uk

VERDICT

Alan Lakey, partner at Hertfordshire-based Highclere Financial Services, said: “The payment protection insurance scandal has caused many consumers to fight shy of protecting their mortgages and income due to concerns that all plans are rancid.

“Both of these provide income in the event that sickness or accident stops plan holders from working. However it should be noted that the definition of disability is an inability to follow your own occupation or any other for which they believe you to be suited by training, experience or education.

“This definition is not as appropriate as ‘own occupation’ where the plan holder can be assured of payment if he cannot perform his own occupation. Nonetheless it is certainly better than many of the old plans which operated on an ‘any occupation’ basis.”